Irving Lake Carolyn Project Achieves Funding Goal

The 275-unit project, called the The Mustang will take up the remaining vacant lakeside property of Lake Carolyn, ““This is the last development site on Lake Carolyn and the partnership is going to deliver a best-in-class property to an area that has attracted two Fortune 500 corporate relocations in the past few months,” said Northmarq’s James Currell. Currell and Joel Heikenfeld negotiated the joint venture financing for the development. This is a repeat joint venture transaction between the LP, a REIT, and American Residential Group (ARG).

The expansive property will include a sky lounge, fitness studio, library, dog park & spa, 5th floor dining room, private office suites, outdoor putting green, and various high-end finishes. The Mustang, scheduled to be completed in 2024, is located at 601 East Las Colinas Boulevard, Irving, Texas.